4th Sep 2025 11:04
(Alliance News) - Smarter Web Co PLC on Thursday announced a new share subscription agreement, enabling the potential sale of up to 21 million new shares.
Bristol, England-based- Smarter Web is web design, web development and online marketing services provider with bitcoin treasury policy.
The company said it inked a new subscription agreement with Shard Merchant Capital Ltd on Wednesday for the issue of 21 new million shares.
The terms of the agreement match the company's subscription agreement reported on June 19, it said, with Smarter Web explaining that its terms have been effective for additional capital raising.
The facility was organised by Tennyson Securities, and Smarter Web is set to benefit through receiving around 97% of the net proceeds of any sales of the shares made by Shard.
The company noted that the agreement allowed Shard to use "reasonable endeavours" to place up to 21 million shares.
These include sales being not below the closing price of the prior day's trading on the Aquis Stock Exchange, and at a volume less than 20% of the relevant current trading day volume.
Shares in Smarter Web were quoted up 2.2% at 117.50 pence on London's Aquis Exchange on Thursday morning.
By Christopher Ward, Alliance News reporter
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